Glossary

A glossary is a dictionary of terms specific to a certain subject. A biology textbook might have a glossary in the back, so you can quickly look up all those technical words.

Variable Benefit Plan

Updated on 2023-08-29T11:58:19.290447Z

Variable Benefit Plan is a type of retirement plan in which the payment changes based on how well the plan's investments perform. It is also known as the defined contribution plan which is a retirement plan under which employee pays a part of his/her income to an account which supports them post their retirements.